Payoneer is utilizing Citi’s blockchain technology for real-time, 24/7 intracompany money transfers. The company is leveraging Citi Token Services — a tokenized liquidity and payment platform — to facilitate faster, more automated fund transfers between its global accounts in participating branches and currencies.
This collaboration enables Payoneer to achieve instant global liquidity and enhanced treasury efficiency through seamless API and blockchain integration with its existing treasury and payments systems.
Bea Ordonez, CFO of Payoneer, stated, "Blockchain-based infrastructure is transforming how money moves globally, and with Citi Token Services, we gain the ability to move money in real time across borders, delivering a faster, more efficient experience for our customers."